UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(h) of the Investment Company Act of 1940
(Print of Type Responses)
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1. Name and Address of Reporting Person*
Franklin Martin E.
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(Last) (First) (Middle)
555 Theodore Fremd Avenue, Suite B-302
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(Street)
Rye New York 10580
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
3/19/03
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3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary)
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4. Issuer Name and Ticker or Trading Symbol
Bally Total Fitness Holding Corporation (BFT) ("Bally")
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
|X| Director |_| 10% Owner
|_| Officer (give title below) |_| Other (specify below)
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6. If Amendment, Date of Original (Month/Day/Year)
3/28/03
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7. Individual or Joint/Group Filing (Check Applicable line)
|X| Form filed by One Reporting Person
|_| Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Beneficially Owned
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3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr. 5)
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Common Stock 52,131 (D) N/A
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Common Stock 878,000 (I) (1)
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Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction
5(b)(v).
FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Securities:
(Month/Day/Year) Amount sion or Direct 6. Nature of
---------------------- or Exercise (D) or Indirect
Date Expira- Number Price of Indirect Beneficial
1. Title of Derivative Exer- tion of Derivative (I) Ownership
Security (Instr. 4) cisable Date Title Shares Security (Instr. 5) (Instr. 5)
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Non-Employee Director
Stock Options (2) 3/20/2013 Common Stock 5,000 $4.97 (D) N/A
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Explanation of Responses:
(1) Mr. Franklin is the controlling member of Marlin Management LLC, which is
the general partner of Marlin Partners III, LP, which owns the shares of common
stock of Bally.
(2) The options vest in 3 equal annual installments beginning on March 20, 2004.
By: /s/ Martin E. Franklin 3/28/2003
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Martin E. Franklin Date
**Signature of Reporting Person
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).